Cleared dry bulk trades up 25% in last quarter

NORWEGIAN clearing house NOS, which has an interest in shipping exchange Imarex, increased its share in the dry bulk freight forward agreement market in the second quarter and saw business rise 25%, despite global volumes decreasing.

On a weekly basis NOS clears between 12% and 20% of all dry bulk paper trades, totalling 40,000 lots in the three months ending June, at a value of just under US$1.1bn.
This was up from 32,000 lots in...

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